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Advisor OS LLC cut its position in Pool Co. (NASDAQ:POOL – Get Rating) stock by 17.8% in the third quarter, according to the company’s most recent 13F filings with the US Securities and Exchange Commission. The institutional investor owned his 2,233 shares of specialty retailer stock after selling his 482 shares during the period. Assets held in Advisor OS LLC’s pool were valued at $711,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of POOL. American Century Companies Inc. increased his pool stake by 14.6% in the first quarter. American Century Companies Inc. now owns 5,536 shares of specialty retailer stock valued at $2,341,000 after acquiring an additional 704 shares in the previous quarter. Panagora Asset Management Inc. increased its pool stake by 70.6% in the first quarter. Panagora Asset Management Inc. now owns 3,161 shares of the specialty retailer worth $1,337,000 after acquiring an additional 1,308 shares in the previous quarter. Pennsylvania Public Schools Retrmt SYS raised his stake in the pool by 6.6% in the first quarter. Pennsylvania Public Schools employee Retrmt SYS now owns 5,364 shares of the specialty retailer worth $2,268,000 after acquiring an additional 332 shares last quarter. Raymond James Trust NA increased its pool stake by 14.1% in the first quarter. Raymond James Trust NA owns 1,744 shares of the specialty retailer worth $738,000 after acquiring an additional 215 shares in the previous quarter. Finally, Dimensional Fund Advisors LP increased its pool shares by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 265,934 shares of the specialty retailer valued at $112,497,000 after acquiring an additional 3,766 shares in the previous quarter. Institutional investors and hedge funds own 98.15% of the company’s shares.
Analyst upgrades and downgrades
Several brokerage firms are considering POOL. KeyCorp lowered Pool’s price target from $465.00 to $345.00 in its research notes on Friday, October 21, giving the stock an “overweight” rating. Stephens lowered his price target for Pool to $340.00 from his $400.00 in a research note on Wednesday, Oct. 19. Goldman Sachs Group lowered the pool’s price target from $410.00 to $360.00 and gave the stock a ‘buy’ rating in a research note on Friday, October 21. Robert W. Baird lowered Pool’s price target from $398.00 to $368.00 and gave the stock a “neutral” rating in a research note on Friday, October 21. Finally, Stifel Nicolaus lowered the pool price target from $415.00 to $355.00 in his Tuesday, October 18 research notes. One Equity Research analyst assigned the company a sell rating, four assigned a hold rating, and six assigned a buy rating. According to MarketBeat, the Pool currently has an average valuation of ‘hold’ and a consensus target price of $392.27.
Pool stock performance
POOL shares climbed $7.96 on Friday to reach $352.74. The company’s stock recorded a trading volume of 335,700 shares against his average trading volume of 343,853 shares. Pool Co. has a 52-week low of $278.10 and a 52-week high of $488.75. The company has a market capitalization of $13.77 billion, a P/E ratio of 18.12, a price/earnings ratio of 2.50 and a beta of 0.84. The company has a 50-day moving average of $324.27 and a 200-day moving average of $335.79. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.98 and a quick ratio of 0.90.
POOL (NASDAQ:POOL – Get Rating) last reported quarterly results on Thursday, Oct. 20. The specialty retailer posted earnings per share (EPS) for the quarter at his $4.76, beating analyst consensus expectations of $4.55 for him by $0.21. The company’s quarterly earnings were $1.62 billion, compared to analyst estimates of $1.6 billion. The pool’s return on equity was 65.81% and net profit margin was 12.81%. The company’s quarterly revenue increased 14.4% year-on-year. During the same period last year, the company recorded his EPS of $4.51. As a group, analysts expect Pool Co. to post 18.72 EPS for the current financial year.
Announcement of Pool Dividend
The company recently announced a quarterly dividend, which was paid out on Wednesday, November 23rd. Shareholders of record on Thursday, November 10 were paid a dividend of $1.00 per share. This represents his $4.00 dividend and his 1.13% yield on an annual basis. The ex-dividend date for this dividend was November 9 (Wednesday). The pool payout percentage is currently 20.54%.
About the pool
(get rating)
Pool Corporation sells swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products such as chemicals, consumables and pool accessories. Repair and replacement parts for pool equipment such as cleaners, filters, heaters, pumps and lights. Packaged pool kit including walls, liners, braces and copings for fiberglass pools, hot tubs, and in-ground and above-ground pools. Pool equipment and components for new pool construction and existing pool refurbishment. Related products consisting of irrigation and irrigation system components, as well as professional lawn care equipment and supplies.
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